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so You'll Thrive and Profit, In Spite of It... "

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Top Three Videos – March 22, 2024

Peter Schiff: Brace Yourself For The Next Economic Collapse (March 20, 2024)

Financial Survival Network...

Summary

 

The collapse of the US currency and the inevitable inflation will lead to a collapse of the standard of living, and investing in real assets like gold and global equities is a way to prepare for the economic collapse.

 

Economic Collapse Predictions and Preparations

 
  • Gold prices are close to the floor, making it a good opportunity to buy.
  • The collapse of our currency and the dollar is inevitable, leading to a collapse of our standard of living in the United States.
  • Inflation is an expansion of the money supply and the supply of credit, and the inflation numbers are hotter than expected, likely going back up to 9% or even higher.
  • Once this fake stuff blows up, where’s that going to leave us? Do we follow Argentina’s template of economic freedom, liberty, and limited government?
  • He spoke at the Mortgage Bankers conference in 2006 and 2007, warning about the impending collapse.
  • Peter Schiff highlights the source of bubbles like the crypto bubble, attributing it to the fed and cheap money.
  • Peter Schiff is preparing for the economic collapse by investing in real assets and global equities with good dividend-paying value stocks.
  • The price of gold is going to go a lot higher due to increased demand from central banks, retail demand, and institutions.
  • Inflation is going to run out of control and when people come to that conclusion they are going to be running from dollars and moving into gold.
     

Impact of Government Policies on Economic Stability

 
  • The success of a nation is defined by its ability to constrain its government, as the founding fathers recognized and warned us.
  • Government regulation and taxation have destroyed the middle class that capitalism and freedom built.
 

Ryan McMaken: State Militias and the Second Amendment: Decentralizing Military Power (March. 19, 2023)...

Liberty and Finance...

Summary

 
 

The Second Amendment was created to decentralize the coercive power of the state and ensure that the federal government cannot easily overwhelm the member states in terms of military power.

 

Historical and philosophical foundations of the Second Amendment

 
  • Explaining the philosophical and ideological foundations behind the Second Amendment is essential for non-Americans to understand the principles behind private ownership and decentralized ownership of weapons.
  • The idea of state and local militias was to offer protection from an excessively powerful and aggressive central government.
  • The Second Amendment was incorporated to ensure that the central government is not able to easily overwhelm the member states in terms of military power.
  • Patrick Henry rejects the idea that assembling the people can solve the problem, emphasizing the need for arms to defend against tyranny.
  • The regular army could be used as an instrument of oppression, and service in the militia was a right of the citizen that could not be transgressed by the federal government.
  • The modern image of militias as malcontents plotting revolution is not necessarily accurate, as they were funded by establishment figures like mayors, state legislators, and local business leaders.
  • The fundamental idea behind the second amendment was about decentralizing the coercive power of the state, controlled only by the state and locals and outside the reach of the federal government.
     

Challenges and controversies surrounding state militias and federal government control

 
  • The idea of the federal government providing training and funding for State militias was seen as unacceptable, as it would result in the militias working for the federal government.
  • The governor of Connecticut refused to comply with a requisition from the Secretary of War, backed up by the State Assembly, stating it was oppressive and inconsistent with the principles of the Constitution.
  • Attempts to control State troops have historically failed due to the Pentagon’s threats of job loss, withdrawal of funds, and political repercussions.

Adam Taggart: Here's The Latest Outlook From Lacy Hunt, Stephanie Pomboy, Michael Pento + A Dozen Other Experts (March 19, 2024)...

Thoughtful Money...

Summary

 

The economy is facing potential threats and challenges, including the impact of the fed’s policies, market bubbles, liquidity squeeze, and a slower housing market, while also presenting investment opportunities in gold and Bitcoin.

 

  • The first ever thoughtful money conference was a real success due to the amazing lineup of speakers who presented and took live audience Q&A.
  • The delayed lag effect of the fed’s tighter policies are finally arriving and threatening to throw the economy into a hard.
  • Ted Oakley agrees, stating that the current high driven runup in the markets is repeating the same mistakes seen in prior market bubbles, with older individuals having the most stock in the market in history.
  • The rising risks of a liquidity squeeze could catch Wall Street by surprise, according to Michael Libowitz.
  • We are currently perched at the precipice, and indications suggest that the economy is going to get worse.
  • The demand for higher price homes is stronger than for lower price homes, leading to a slower housing market overall.
  • We certainly see gold hitting 3,000 and then some.
  • Bitcoin is projected to reach $43 million per Bitcoin in the next 60 to 80 years, making it a long-term investment opportunity.

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